QCR HOLDINGS INC
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 6, 2026
QCRH$100.85-0.3%Stored close · as of Nov 6, 2026
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Strategic Developments
The Company has taken the following actions during the third quarter of 2026 to support its corporate strategy and further the strategic financial metrics shown above:
| ● | In the third quarter of 2026, the Company grew loans and leases by 2.9% annualized, excluding the securitization, LIHTC loan offtake transactions, and planned m2 portfolio runoff. Loan growth was driven by both traditional and LIHTC lending. |
| ● | The Company acted as the correspondent bank through QCBT for 187 downstream banks with total noninterest bearing deposits of $107.6 million and total interest-bearing deposits of $733.5 million as of September 30, 2026, as correspondent banking continued to be a core line of business for the Company. By comparison, the Company acted as the correspondent bank for 189 downstream banks with total noninterest bearing deposits of $89.5 million and total interest-bearing deposits of $862.3 million as of September 30, 2025. The Company is competitively positioned with experienced staff, software systems and processes to continue growing in the four states currently served – Iowa, Wisconsin, Missouri and Illinois. This line of business provides a strong source of deposits, fee income, high-quality loan participations and bank stock loans. The Company also managed off-balance sheet liquidity held at the Federal Reserve on behalf of the downstream banks of $387.5 million as of September 30, 2026, as compared to $388.8 million as of September 30, 2025. |
| ● | The Company continues to focus on executing interest rate swaps on select commercial loans, including LIHTC permanent loans. These interest rate swaps allow commercial borrowers to pay a fixed interest rate while the Company receives a variable interest rate as well as an upfront nonrefundable fee dependent on the pricing. Management believes that these swaps help position the Company more favorably for various interest rate environments. The Company will continue to review opportunities to execute these swaps at each of its subsidiary banks as appropriate for applicable borrowers and the Company. Levels of capital markets revenue from swap fee income are influenced by prevailing interest rates. Capital markets revenue, primarily from swap fee income, totaled $16.9 million for the third quarter of 2026, as compared to $23.8 million for the same period of the prior year. Capital markets revenue, primarily from swap fee income, totaled $43.0 million for the first nine months of 2026, as compared to $40.2 million for the same period of the prior year. Demand for affordable housing remains strong, as discussed in the “Executive Overview” section of this report, above. |
| ● | Over many years, the Company has been successful in expanding its wealth management client base. Trust and investment advisory and management fees continue to be a significant contributor to noninterest income. Assets under management increased by $77.6 million for the quarter ended September 30, 2026 compared to the quarter ended June 30, 2026 and increased by $648.3 million for the first nine months of 2026 compared to the first nine months of 2025 primarily due to new relationships and favorable market returns. Income is generated primarily from fees charged based on assets under administration for corporate and personal trusts and for custodial services. The majority of trust fees are determined based on the value of the investments managed. The Company expects trust and investment advisory and management fees to be negatively impacted during periods of lower market valuations and positively impacted during periods of higher market valuations. The Company has expanded its wealth management business into the southwest Missouri and central Iowa markets. |
| ● | Noninterest expense totaled $54.7 million for the third quarter of 2026 as compared to $56.6 million for the third quarter of 2025. The decrease was primarily due to a decrease in salaries and benefits expenses related to lower variable incentive compensation. Noninterest expense for the first nine months of 2026 totaled $160.0 million as compared to $152.7 million in the first nine months of 2025. The increase was primarily due to an increase in salaries and benefits expenses related to higher variable incentive compensation and increased occupancy and equipment expense related to the Company’s digital transformation. |
Part I
Item 2
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